Question

Exhibit 4.2 presents the balance sheet prepared by Infotech Limited, an Indian information technology firm, for Years 12 and 11.
Exhibit 4.2



Infotech applies accounting standards issued by the Institute of Chartered Accountants of India and reports its results in millions of rupees (Rs. Crore). (Adapted from the financial statements of Infosys Limited.)
a. Prepare a balance sheet for Infotech for both years, following the format and terminology commonly used by firms that apply U.S. GAAP.
b. Prepare a balance sheet for Infotech for both years, following the format and terminology commonly used by firms that applyIFRS.


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  • CreatedMarch 04, 2014
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